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Dragonfly Energy Holdings Corp (DFLI)
NASDAQ:DFLI
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Earnings Data
Report Date
Mar 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$1.31Last Year’s EPS
$0.45Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 14, 2024
|% Change Since: -35.20%
|Next Earnings Date:Mar 26, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected a mixed sentiment with significant strides in market expansion and technological advancements. However, these were offset by notable declines in sales and profitability, primarily due to macroeconomic challenges affecting consumer spending.Company Guidance
In the third quarter of 2024, Dragonfly Energy reported net sales of $12.7 million, a decrease from $15.9 million in the same quarter of 2023, largely due to weaker direct-to-consumer (DTC) battery sales, which fell to $5.2 million from $10.3 million. OEM sales, however, rose to $7.4 million from $5.6 million, indicating some recovery in the RV market. The company's gross profit was approximately $2.9 million, with a gross margin decrease from 28.9% to 22.5%. Operating expenses were $8.9 million, down from $10.5 million, and net loss improved to $6.8 million, or $0.11 per share, from a loss of $10 million, or $0.17 per share. Dragonfly anticipates fourth-quarter revenues between $13.5 million and $14.0 million, and gross margins of 22% to 25%, with significant growth expected in the trucking sector.Expansion into New Markets
Dragonfly Energy expanded its footprint beyond the RV market into heavy-duty trucking, oil and gas, and other high-impact sectors. This strategic diversification is expected to drive significant revenue growth in 2025.
Strategic Partnerships
The company strengthened its partnership with Stryten Energy, leading to the development of new battery models and expanded reach of the Battle Born product line.
Technological Advancements
Introduction of Dragonfly Intelligence technology, offering real-time monitoring and diagnostics, and smart Battle Born battery packs anticipated to rejuvenate the direct-to-consumer market.
OEM Revenue Growth
OEM revenue increased from $5.6 million in Q2 2024 to $7.4 million in Q3 2024, attributed to a recovering RV market and the implementation of the smart battery product line.
Positive Market Feedback
Strong positive feedback from oil and gas sector demonstrations and ongoing negotiations for formal partnerships.
Improved Liquidity
Cash increased to $8.0 million at the end of Q3 2024 from $4.7 million at the end of Q2 2024, ensuring necessary liquidity for operational plans.
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DFLI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DFLI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 14, 2024 | $4.82 | $4.41 | -8.51% |
| Aug 14, 2024 | $6.03 | $5.44 | -9.78% |
| May 14, 2024 | $11.07 | $8.28 | -25.20% |
| Apr 15, 2024 | $4.05 | $5.53 | +36.54% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Dragonfly Energy Holdings Corp (DFLI) report earnings?
Dragonfly Energy Holdings Corp (DFLI) is schdueled to report earning on Mar 26, 2025, TBA Not Confirmed.
What is Dragonfly Energy Holdings Corp (DFLI) earnings time?
Dragonfly Energy Holdings Corp (DFLI) earnings time is at Mar 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is DFLI EPS forecast?
DFLI EPS forecast for the fiscal quarter 2024 (Q4) is -$1.31.
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